Case Study Trader Joe's
John Ryan Celiberti
BUS 1010-03 - Introduction to Management
Professor Moria Tolan
15 October 2014
Case Study #1: Trader Joe’s: Keeping a Cool Edge
Discussion Questions
1. All of the six “must have” managerial skills listed in Chapter 1, The most important skills a Trader Joe’s managers should maintain ar all of these Managerial Skills. The ability to have Teamwork between co-workers and leaders or mangers would be a key aspect for any company that is trying to strive and create revenue. Self- Management gives a mangers the ability to self-evaluate the circumstances that are taking place in the store and being able to ask themselves about the ethical reasoning of the situations. The Leadership with Trader Joe’s is a significant process piece …show more content…
Within my further research I ended up reading an article on Business Insider. This article explains how Trader Joes which is a much smaller company then Whole Foods has beating them out in profits. According to the article, Trader Joe 's sells a whopping $1,734 per square foot, according to a recent report by the real estate investment firm JLL. In comparison, Whole Foods sells $930 per square foot. According to Business Insider, Trader Joe 's is focused on product innovation and selling groceries and wine at a cheap price. Because customers know they can get high-quality stuff at a low price, they pack Trader Joe 's stores. When you go Trader Joe’s you don’t think that you will be breaking your wallet or using you “Whole Paycheck,” like you would do if you went to Whole Foods. Trader Joe’s has many different philosophies and business plans. Trader Joe’s buys directly from suppliers whenever possible, they bargain hard to get the best price, and then pass the savings on to you. If an item doesn 't pull its weight in their stores, it goes away to gangway for something else. Trader Joe’s buys in volume and contract early to get the best prices. Most grocers charge their suppliers fees for putting an item on the shelf. This results in higher prices... so they don 't do it. They keep our costs low because every penny we save is a penny you
BUS 1010-03 - Introduction to Management
Professor Moria Tolan
15 October 2014
Case Study #1: Trader Joe’s: Keeping a Cool Edge
Discussion Questions
1. All of the six “must have” managerial skills listed in Chapter 1, The most important skills a Trader Joe’s managers should maintain ar all of these Managerial Skills. The ability to have Teamwork between co-workers and leaders or mangers would be a key aspect for any company that is trying to strive and create revenue. Self- Management gives a mangers the ability to self-evaluate the circumstances that are taking place in the store and being able to ask themselves about the ethical reasoning of the situations. The Leadership with Trader Joe’s is a significant process piece …show more content…
Within my further research I ended up reading an article on Business Insider. This article explains how Trader Joes which is a much smaller company then Whole Foods has beating them out in profits. According to the article, Trader Joe 's sells a whopping $1,734 per square foot, according to a recent report by the real estate investment firm JLL. In comparison, Whole Foods sells $930 per square foot. According to Business Insider, Trader Joe 's is focused on product innovation and selling groceries and wine at a cheap price. Because customers know they can get high-quality stuff at a low price, they pack Trader Joe 's stores. When you go Trader Joe’s you don’t think that you will be breaking your wallet or using you “Whole Paycheck,” like you would do if you went to Whole Foods. Trader Joe’s has many different philosophies and business plans. Trader Joe’s buys directly from suppliers whenever possible, they bargain hard to get the best price, and then pass the savings on to you. If an item doesn 't pull its weight in their stores, it goes away to gangway for something else. Trader Joe’s buys in volume and contract early to get the best prices. Most grocers charge their suppliers fees for putting an item on the shelf. This results in higher prices... so they don 't do it. They keep our costs low because every penny we save is a penny you